Tredje AP fonden Grows Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Tredje AP fonden increased its stake in Nasdaq, Inc. by 100.0%, owning a total of 54,428 shares worth $4.1 million after purchasing an additional 27,214 shares in the first quarter.
• Nasdaq reported a 12.7% increase in quarterly revenue, reaching $1.31 billion, with earnings per share at $0.85, surpassing expectations of $0.78.
• The company declared a quarterly dividend of $0.27, which will be paid on September 26th, reflecting an annualized yield of 1.13%.

Tredje AP fonden lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 100.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,428 shares of the financial services provider's stock after acquiring an additional 27,214 shares during the period. Tredje AP fonden's holdings in Nasdaq were worth $4,129,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NDAQ. Arrowstreet Capital Limited Partnership bought a new position in shares of Nasdaq in the 4th quarter valued at about $4,234,000. Schroder Investment Management Group lifted its stake in Nasdaq by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 97,261 shares of the financial services provider's stock worth $7,528,000 after purchasing an additional 2,119 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Nasdaq by 11.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 36,280 shares of the financial services provider's stock worth $2,805,000 after purchasing an additional 3,688 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Nasdaq in the fourth quarter worth about $293,000. Finally, Geode Capital Management LLC lifted its stake in Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock worth $849,783,000 after purchasing an additional 257,465 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 1.1%

NASDAQ:NDAQ traded down $1.05 during trading hours on Friday, reaching $95.17. The company's stock had a trading volume of 2,845,954 shares, compared to its average volume of 3,421,172. The company has a market capitalization of $54.61 billion, a P/E ratio of 36.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. Nasdaq, Inc. has a 12 month low of $64.33 and a 12 month high of $97.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.96. The stock has a 50 day moving average price of $88.29 and a two-hundred day moving average price of $81.25.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. Nasdaq's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq's payout ratio is 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,304 shares of company stock worth $2,686,833. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the subject of several analyst reports. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Barclays raised their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research note on Thursday, April 17th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.